London North, ON
50 IRWIN Street
$1,197,000
Data last updated Oct 30, 2026, 1:50 p.m. ET. By using this site you agree to our Terms of Use.
Property facts
- Price
- $1,197,000
- Type
- multiplex
- Bedrooms
- 8
- Bathrooms
- 5
- MLS®
- X13769512
- Status
- active
- Brokerage
- Rock Star Real Estate Inc., Brokerage
About this home
PRIME WESTERN UNIVERSITY LOCATION! 50 Irwin Street is a turnkey legal 5-unit residential multiplex featuring a high-density 11-bedroom layout directly adjacent to Western University. Offered at an attractive 7.0% Cap Rate, the property delivers excellent Gross Operating Income and a 1.60 Debt Coverage Ratio, supported by strong student rental demand and supplemental coin laundry income. Additional income potential exists through the detached garage. Fully tenanted and designed for efficient ownership, and includes separate hydro metering and five dedicated parking spots. This is a compelling opportunity to acquire a cash-flowing asset in London's premier academic rental corridor, offering immediate income, strong debt coverage, and long-term appreciation potential.
Location
More details
- Property tax
- $11,572 (2026)
- Days on market
- 51
- Style
- 2-Storey
- Lot
- 48.8 × 117 Feet
- Parking
- 7 spaces · 2 garage · Detached
- Basement
- Full
- Heating
- Water
- Air conditioning
- None
- Neighbourhood
- North K
- Major intersection
- Wharncliffe Rd N & Oxford St W
Details from PropTx (TRREB MLS®) via Repliers. Information deemed reliable but not guaranteed.